Telecommunications carriers shall reciprocally compensate each other for the costs associated with transporting and terminating telecommunications traffic on their respective networks. The carriers shall negotiate in good faith and use their best efforts to reach agreement on the prices, terms, and conditions for terminating traffic on their respective networks. Telecommunications carriers shall develop terms and conditions that are just and reasonable and provide for fair, nondiscriminatory, and cost-based rates, based on a reasonable approximation of the additional costs of terminating such traffic. Compensation agreements may include "bill and keep" and any other mutual compensation arrangements.
Haw. Code R. § 6-80-51